“Technically, the Nifty’s prevailing positive tone remains intact, with the next targets seen at 26,000, followed by new lifetime highs. However, given the recent underperformance in the broader market, traders are advised to focus on index heavyweights and larger midcaps for long trades,” said Ajit Mishra – SVP, Research, Religare Broking.
In today’s trade, shares of RIL, HDFC Bank, YES Bank, IndusInd Bank, RBL Bank, Jain Resource among others will be in focus due to various new developments and second quarter results.
RIL
Mukesh Ambani-led Reliance Industries (RIL) reported a 10% growth in its consolidated Q2 net profit at Rs 18,165 crore versus Rs 16,563 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company. The company’s revenue form operations in the quarter under review stood at Rs 2.59 lakh crore, which was up 10% YoY.
IDFC First Bank
IDFC First Bank said it witnessed a 75% YoY surge in its standalone net profit at Rs 352.31 crore in the second quarter, up from Rs 200.69 crore in Q2FY26. However, the bank’s net interest income (NII) took a sharp hit, falling by 40% YoY. NII was reported at Rs 5,112.57 crore for the said quarter, versus Rs 8,540.03 crore in the year-ago period.IndusInd Bank
IndusInd Bank has posted a net loss of Rs 437 crore in the second quarter of FY26, reversing from a net profit of Rs 1,331 crore in the corresponding quarter of FY25. The bank’s Net Interest Income (NII) too declined by 17.6% year-on-year to Rs 4,409 crore from Rs 5,347 crore in Q2FY25.
ICICI Bank
The country’s second-largest private lender ICICI Bank reported a 5.2% year-on-year growth in profit after tax to Rs 12,359 crore for the quarter ended Q2FY26, while also posting a healthy 7.4% growth in its net interest income (NII) to Rs 21,529 crore from Rs 20,048 crore in the same quarter last year.
HDFC Bank
India’s largest private lender HDFC Bank, on Saturday, reported its second quarter results for FY26, reporting a 10.8% year-on-year (YoY) growth in its standalone net profit at Rs 18,641.28 crore, up from Rs 16,820.97 crore in the same period last year. Further, the bank’s net interest income (NII) also witnessed a 4.8% YoY growth and was reported at Rs 31,550 crore, rising from Rs 30,110 crore in the second quarter of FY25.
Ultratech Cement
Aditya Birla Group company UltaTech Cements has released its results for the quarter ended September 2025, posting an impressive surge of 75.2% YoY to Rs 1,232 crore, while its net sales were up 21.3% YoY. The net sales were posted at Rs 19,371 crore in Q2FY26, versus Rs 15,967 crore in the same quarter last year.
Jain Resource Recycling
The week opens with Jain Resource Recycling’s quarterly results, offering early cues on manufacturing and metals demand.
JSW Energy
JSW Energy reported a 17% fall in its consolidated Q2 net profit at Rs 705 crore versus Rs 853 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the parent. The Zomato operator’s revenue form operations in the quarter under review stood at Rs 5,177 crore, which was up 60% over Rs 3,237 crore in the corresponding quarter of the last financial year.
RBL Bank
RBL Bank sees an opportunity to start a wealth management business after Emirates NBD bought its 60% stake for $3 billion, Chief Executive R Subramaniakumar said on Sunday. The Middle Eastern bank is said to invest Rs 26,853 crore ($3.05 billion) in the private lender through a preferential issue of shares in a deal announced on Saturday. This marks the largest cross-border acquisition in the Indian financial sector.
Sobha
Realty firm Sobha will launch residential projects worth Rs 22,000 crore over the next 18 months across many cities to expand business. According to a latest investors presentation, Sobha will launch 13 projects across Bengaluru, Mumbai, Delhi-NCR, Pune, Chennai, Calicut, Thrissur and Trivandrum.
Federal Bank
The Board of Federal Bank will meet on October 24 to consider fundraising plan through rights issue, preferential allotment, qualified institutions placement or any other permissible mode.
Yes Bank
Yes Bank reported 18% per cent rise in its September quarter net profit at Rs 654 crore on non-core income growth.
The private sector lender had reported a net profit of Rs 553 crore in the year-ago period. The core net interest income rose 4.6% on the back of 6.4% growth in its loan book and a 0.1% expansion in the net interest margin.
IndiGo
IndiGo on Friday announced a firm order to buy 30 additional A350-900 planes from Airbus as the country’s largest airline seeks to have more wide-body aircraft for its international expansion. The airline, which has been increasing its international operations, currently has more than 400 planes in its fleet and over 900 aircraft on order.